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If you’ve been planning to purchase your dream car this festive season, your wishes have been granted. Droom, Indian online automobile transactional marketplace has entered into a partnership with CashCare, an innovative consumer lending platform where short-term loans are provided on a real-time basis. Coinciding with the availability of the latest range of four-wheelers and bikes from colossal names in the automobile industry such as Chevrolet, Skoda, Nissan, Datsun, Mahindra and Hero Electric on Droom, this association hopes to make the buying process completely hassle-free for customers. The most significant aspect of this association is the incredible 0% APR introductory offer that makes buying new vehicles on EMI extremely attractive.

To ease out the financial burden, Droom and CashCare have also decided to offer pre-approved loans to eligible buyers. Loans of up to 70% of the value of the vehicle are available with a loan period of 3-12 months. With these offerings, CashCare has provided a golden opportunity for buyers who are on the verge of purchasing their first vehicle but were being encumbered by financial constraints.

One of the biggest features of this collaboration and the introductory offer is a 0% Annualized Percentage Rate on the loan amount on the vehicles. This feature makes it all the more attractive for buyers who are apprehensive of interest charges while buying a car. A dealership that provides 0% APR is one of the most amazing deals customers can get this festive season.

Rishab Malik, Co-Founder and VP – Business Development, Droom said, “With the launch of the new vehicles category, we also decided to make the accessibility of the products greater. To this end we are pleased to associate with CashCare and help fulfill the dreams of many of our customers in a quicker and more efficient way. The introductory offer of 0% APR is truly incredible and will further enhance the affinity that vehicle buyers feel for this new service.”

CashCare Founder and CEO, Vikas Sekri further added, “Droom has emerged as a significant market innovator in the automobile buy/sell market. As a real-time finance provider, CashCare understands car buyers’ needs for hassle-free and quick disbursal of loans. We hope to facilitate many customers through our association with Droom and help them drive their dream vehicles home this festive season.”

Droom has further added to its unmatched reputation of being a complete service facilitator by ensuring procedures at the Regional Transport Office (RTO) are taken care of, with varying charges depending on the type of vehicle and location of RTO. Furthermore, there is a one-year manufacturer warranty available on every vehicle bought through it which is also delivered within 30 days of order placement. Droom buyers also benefit in terms of security as their vehicles are completely covered by the Droom buyer protection policy. With this wide gamut of services and its constant thrust on innovation, Droom has yet again proved its leadership position in the Indian automobile transactions market.

A couple of days back, Droom announced its foray into the new vehicles’ segment. The company has also announced a budget of Rs 100 crore for its marketing blitz. And in June this year, the firm had closed its Series B funding in a round led by BEENEXT from Singapore and Digital Garage from Japan.

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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